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(INDORAMA) Indo Rama complete technical analysis [charts+indicators] | Buy/Sell Indo Rama | (INDORAMA) share price targets

Complete technical analysis of Indo Rama (INDORAMA) by charts plus indicators, forecast predictions and share price targets for Indo Rama (INDORAMA)

Indo Rama trades in NSE in Textiles sector.

Showing technical analysis as on 2024-02-06 View latest technical analysis

10 day averaged volume of Indo Rama is 1040193

Date	Daily Closing Price	Open	High	Low	Volume
06 Tue Feb 2024	61.65	61.00	62.50	60.45	0.329 times
05 Mon Feb 2024	60.65	62.90	63.50	60.15	0.615 times
02 Fri Feb 2024	62.50	64.10	64.45	61.15	0.655 times
01 Thu Feb 2024	63.95	65.75	65.95	63.05	0.791 times
31 Wed Jan 2024	64.65	64.50	67.10	64.00	2.768 times
30 Tue Jan 2024	62.80	57.70	64.00	56.10	3.263 times
29 Mon Jan 2024	57.45	54.90	58.35	54.60	0.889 times
25 Thu Jan 2024	54.60	54.50	54.80	53.60	0.14 times
24 Wed Jan 2024	54.10	52.90	54.60	51.80	0.284 times
23 Tue Jan 2024	52.75	53.60	54.90	52.40	0.352 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 61.4, but if it comes below 61.4, then a intra day sell could be more profitable.
If you take a sell trade below 61.4, then use 61.4 as stoploss and 57.58 as target. However if you take a buy trade in stock , then use 61.4 as stoploss and 65.9 as target.

Share price targets for Indo Rama (INDORAMA)

Target Type	Value
Downside Target	47.55
Downside Target	48.65
Downside Target	50.05
Downside Target	51.80
Downside Target	54.60
Downside Target	56.30
Downside Target	59.20
Downside Target	60.30
Downside Target	61.25
Upside Target	63.50
Upside Target	65.95
Upside Target	67.10

Intraday share price targets for Indo Rama (INDORAMA)

Target Type	Value
Downside Intraday Target	60.03
Downside Intraday Target	58.42
Upside Intraday Target	63.38
Upside Intraday Target	65.12
Upside Intraday Target	61.77

Weekly technical analysis of Indo Rama (INDORAMA)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Tue Feb 2024	61.65	62.90	63.50	60.15	0.113 times
02 Fri Feb 2024	62.50	54.90	67.10	54.60	8.211 times
25 Thu Jan 2024	54.60	53.55	54.90	51.80	0.503 times
19 Fri Jan 2024	53.55	57.35	57.40	52.20	0.459 times
12 Fri Jan 2024	57.05	58.15	61.25	56.30	1.034 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Indo Rama (INDORAMA)

Date	Monthly Closing Price	Open	High	Low	Volume
06 Tue Feb 2024	61.65	65.75	65.95	60.15	0.128 times
31 Wed Jan 2024	64.65	52.30	67.10	51.80	2.077 times
29 Fri Dec 2023	52.10	50.50	54.75	48.65	1.076 times
30 Thu Nov 2023	50.20	55.80	59.20	50.05	0.805 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Indo Rama (INDORAMA)

Price action analysis of Indo Rama ( (INDORAMA) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Indo Rama ( (INDORAMA) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Indo Rama ( (INDORAMA) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Indo Rama ( (INDORAMA) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Indo Rama stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Indo Rama in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Indo Rama Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Indo Rama in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Indo Rama is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 62.03 and Indo Rama (INDORAMA) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

People seem to be coming out and selling the Indo Rama (INDORAMA) stock. Volume based technical analysis of Indo Rama (INDORAMA) stock is negative.

Indo Rama Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.